Chipping Campden School Charity
Charity No. 311699
Trustees, Report and Unaudited Accounts
for the Year Ended 31 March 2024

Chipping Campden School Charity
Contents
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
9- 15
Detailed Statement of Financial Activities
16

Chipping Campden School Charity
Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the Chipping Campden
School Charity (the 'Charity'l for the year ended 31 March 2024.
Reference and Administrative Detai15
Charity No. 311699
Principal Office
Chipping Campden School
Cider Mill Lane
Chippii)g Catnpden
Gloucestershire
GL55 6HU
Trustees
The following Trustees served during the year and to the date of this report..
B. Chatfield
Chair resigned 7 June 2024
S. Burnett
L. Hay
A. Jones
D.N. Makin
G. Slade
L. Southam
K. Wood
J Flaherty
resigned l February 2024
resigned 25 July 2024
appointed 2 May 2024
Key Management Personnel
Clerk to the Trustees,.
Mrs A Sansom
Accountant5
Daniel Colwell & Co
The Old Bull Pens
Sezincole
Moreton-in-Mar5h
GL56 9AW
Bankers
Lloyd5 Bank PIC
19 High street
Evesham
Worcestershire
WR11 4DQ
Investment Bankers
CCLA
One Angel Lane
London
EC4R 3AB
Page | 2

Chipplng Campden School Charity
Trustees Annual Report
Brian Chatfleld
It 15 Wlth great sadness that we report that Brian Chatfield, a Trustee and Chair of the Charity,
passed away on 9th June 2024. Brian joii)ed the Charity in 1991 and became Chair some 10 years
later. He was a tireless member of the board of trustees and contributed enormously leading &
promoting the aims of the Charity throughout this period. The trustees undertake to build on the
legacy left by Brian and continue to promote the airns of the Chafity with the same enthusiasm,
drive & dedication shown by hitn in his time with the Charity.
Structure Governance and Mana
ement
The Chipping Campden School Charity wa5 established under a Trust Deed dated 21 st Jantjary 1991
and was registered with the Charily Commission on that date (Registered Number 311699). A
modification order dated 7th April 1994 amended the nutnber of nominated trustees and a further
modification order dated 25th May 2007, which came into force on 1 Oth Julie 2001, was made to
the Trust Deed covering the transfer of Chipping Campden School (the 'School'l from Grant
Maintained status to Foundation status. The Trust Deed was then further updated land f ully
incorporated the provi5ion5 of the previous modification orders into a new fully comprehensive
deed) on 15th June 2016 which also ieflected the change in status of the School to an Academy in
September 2011.
Details of the Trustees who served throughout the period are included 7n the Reference and
Adminlstration Details on page 2.
Two full meetings of the Trustee5 were held in the year.
Trustees Respons7billtles
The Trustees are required to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the Charity and of the incoming resources and application of
resources during the year and of its state of affairs at the end of the year. In preparing those
financial Statements, the Trustees are required to'.-
1. Select suitable accounting policies and then apply them consistently,
2. Make judgements and estimate5 reasonable and prudent,
3. Prepare the financial statements on the going concern basis unless it ?s appropriate to
presume that the charity will not continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with accuracy at
any time the financial position of the charity. They are also responsible for safeguarding the assets
of the charity and hence for takir>g reasonable steps for the prevention and detection of f raud and
breache5 of law and regulations.
Method of Recruitment and Appolntment or Election of Trustees
The updated Trust Deed of 15th June 2016 allowed for 2 nominated Trustees and 7 co-opted Trustees.
One of the Trustees is nominated by the School and the other by the Master and Fellow5 of Pembroke
College, Oxford.
Although the Charity has a diverse group of cornmitted and long term Trustees, the Board of Trustees
continues to seek new members and will consider new Trustees who make a valuable contribution to
the strategy and management of the Charity. All new Trustee appointments are discu55ed and
approved at appropriately convened meetings of all Trustees. The Trustees recogni5e that the
management of investments requires appropriate expertise, Therefore the need to have at least two
trustee5 Wlth 5uffTcient financial and investment knowledge is taken into account when considering
new appointments. Trustees are carefully planning for future retirements.
Page | 3

Chipping Campden School Charity
Trustees Annual Report
Policies and Procedures Adopted for the Inductlon and Training of Trustee5
New Trustees are briefed on their obligation under Charity Law and appraised of the organi5ation and
structure of the Charity. Trustees are eiicouraged to attend appropi.iate external training events
where these will facilitate the undertaking of their role.
Organisational Structure
The Board of Trustee5 are responsible for the overall governance of the Charity, and they make all
decisions regarding the Charity.
ectives and Activitie5
The objects of the charity as set out in its Trust Deed, are to:
Provide for the School such special benefits a5 may from time to time be agreed between the
Trustees and the Governors of the School.. and
Promote the education lincluding social and physical training} of persons under the age of 25
years who are attending or who have for not less than two years attended the school and who
are in need of financial assistance and in particular but without prejudice to the generality
of the foregoing:
il In awarding to such person's scholarship5, exhibitions, bursarie5, maintenance allowances
or grants tenable to any School, University, College of Education, or other inslitution of
furiher (including prolessional or technicall education approved for the purpose by the
Trustees.
ill In providing financial assistance, outfit5, clothing, tools, instruments or book5 to assist such
persons to pursue their education (including the study of music and other arts), to
undertake travel in furtherance thereof, or to prepare for or enter a profession, trade,
occupation or service on leaving School, University or other establishment.
The Trustees are custodians of endowments that have been left for the benefit of Chipping Campden
School and its Students. The Trustees are obliged to protect those endowments in such a way as to
be able to discharge the intentions of the benefactors, in perpetuity. Annual prizes to students is an
example of how this occur5. The Trustees also consider a range of proposition5 from students and
teachers that with small amounts of funding can enable and enrich the student's overall education.
The Trustees have maintained strong links with the Master of Pembroke College. Oxford to further
develop the itnportant historical link5 between the College, the Charity and the School. Thi5 will
result in more students at the school being able to visit Pembroke College.
Public Benefit
The Trustees confirm that they have complied with the reguirements in the Charities Act 2011 to
have due regard to the Charity Commission's general guidance on public benefit in exercising their
powers and dutie5. They have referred lo this guidance when reviewing the Charity s objectives and
aims and in planning its future act7vities and are satisfied that the Charity's activitie5 comply with
this guidance and are of public benefit.
Page 14

Chipping Campden School Charity
Trustees Annual Report
Achievement5 and Performance
During the year no new legacies were received by the Charity12023: none).
The Board of Trustees paid a total of C2,550 In the year to assist student5 under the Hilda Terry
schetne and £500 supporting student5 travel expense5 to London to collect their award in a national
Greening Cities Competition.
In addition, the Charity pledged support totalling E25,572 to the School for the purchase of 20
MacBook Ali computers and paid E7.400 from the Paul & Andrea Wellei Legacy received in 2020 to
equip a dedicated Dark Room built to provide support for a new Photography course being provided
at the School lof which £7,400 was expended from the endowment fund)
Flnancial Review
The total income generated by the Charity during the year was £49,617 which arose from the
investment funds held by the Charity. The total expenditure for the year was £42, 388, which covered
the Ltsual administrative costs.
Overall the Charity generated a net income of £85,080 in the year, after accounting for the realised
and
unrealised gains
and losses
on
investments
and fixed assets of £78,529.
At 31 st March 2024, the investments held by the Charity had a market value of £1,458,730.
Investment Policy
In accordance with the Charity Commission guide CC14, the Trustee5 reviewed their mix of
investments and risk levels. Trustees have taken advice from an IFA and will continue developing
thi5 relationship.
The Trustees regularly revlew the Charitys Investments wlth due reference to their Investment
policy. This policy was reviewed and approved by the Trustee5 On 11 Ih December 2023. Ma jor
investment is made in two quoted funds managed specially for charities by CCLA who have
confirmed the investments were rnid-range in their risk profile.
Reserve5 Policy
The Trustees policy is to review the reserve leve15 of the Charity on an annual basis. This review
will encompass the nature of the income and expenditure streams, the need to match income with
commitments and the nature of the Charity's reserves. The Trustees also take into consideration
the future plans of the Charity, the uncertainty over some element5 of future income streams and
other key risks identified during the risk asse55ment proces5.
The reserves of the Charity are held towards providing the School and it5 Students such special
benefits as may f rom time to time be agreed between the Trustees and the school governor5. Such
benefits being for the promotion of education, scholarships and bursaries, and the provision of
financial assistance to students where needed to further their overall development.
At 31 st March 2024. the total reserves of the Charlty were E1, 528,626.
Plans for future perlods
The Trustees plans for future periods are to ensure the Charity continues to fulfil its. Charitable
objects as the custodians of the endowments that have been left for the benefit of Chipping
Campden School and its, 5tudent5.
Signed on behalf of th
harity's trustees
D. N. Makin
Trustee
th
12 December 2024
Page | 5

Chipping Campden School Charity
Independent Examiners Report
Independent Examiner's Report to the trustees of Chipping Campden School Charity
I report on the accounts of Chippin¥ Campden School Charity for the year ended 31 March 2024 which
comprise the Statemeiit of Financial Activities, the Balance Sheet and the related note5.
Res
ective res
onsibilitie5 of trustees and exarniner
The charity'5 trustees are responsible for the preparation of the accounts. The trustee5 consider that
an audit is not required for this year under the Charitie5 Act 2011, s.14412I Ithe 2011 Actl aiid that
an independenl examination is needed.
Having satisfied myself that the charity 15 not subject to audit under charity law and is eligible for
independent examination, it 15 my responsibility to..
examine the accounts under s.145 of the 2011 Act.
to follow procedures laid down in general Directions given by the Charity Commission under
5.14515llbl of the 2011 Act. and
to state whether parlicular matter have come to my attention.
Basis of independent examiner'5 report
My examination was carried out in accordance with the general directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosure5 in the accounts and seeking explanations from you as trustees concerning
any Slrch matters. The procedures do not provide all the evidence that would be required in an audit,
and consequently no opinion 15 given as to whether the accounts present a 'true and fair" view and
the report is limited to tliose matters set out in the statement below.
Independent examiner's statement
I have completed my examination, no matter has come to my attention:
11 which give5 me cause to believe that in, any material respect..
to keep accounting records in accordance with s.130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the
accouijtiiig requirements of the 2011 Act,
have not been: or
21 to whic
understa
Tn my opinion, attention should be drawn in order to enable a proper
ding of the
count5
o be reached.
Signed:
Date:
Daniel James Colwell FCCA CTA A
DanTel Colwell & Co
Chartered Certified Accountant
Page | 6

Chipping Campden School Charity
Statement of Financlal Activltle5 for the Year Ended 31 March 2024
Notes Unrestricted Endowment
funds 2024 funds 2024
Total fund5 Total funds
2024
2023
Income and Endowments from..
Investments
44.945
49.617
46,193
Total Income and endowments
44,945
4,672
49,617
46,793
Expenditure on:
Charitable activities
33,568
7.400
40,968
3,044
Other
1,370
1,370
1,279
Total
34,938
7,400
42,338
4, 323
Net Ilossesllgain5 on irkvestments
77,012
4,925
81,937
155,1101
Net {lossesllgain5 on fixed asset
revaluation
3,408
3,408
Net income/(expendlture)
83,611
2,197
85,080
113,2401
Transfers between funds
4,672
Net expendlture before other
gainsl{losses)
88.283
12,475)
85,808
113.240)
Other galns and losses:
Net movement in funds
88,283
12,475)
85,808
13,2401
Reconciliatlon of funds:
Total funds brought forward
1,272,667
170,151
1,442,818
1,456,058
Total funds carried forward
1,360,950
167,676
1 528,626
1 442,818
Page | 7

Chipping Campden School Charity
(Charity number: 3116991
Balance Sheet at 31 March 2024
2024
2023
Note
Fixed a55etS
Tangible assets
Investments
16,051
1 458,730
1,474,781
19,459
1,376,793
1,396,252
Current assets
Debtors
Cash at bank and in hand
10
8,550
80,168
88,718
8,224
47,934
56,158
Credltors: Amount5 falling due within one year
34,873
Net current (liabilitlesllassets
54,158
46,566
Total assets less current liabilities
1,528,626
1,442,818
Net assets excluding penslon a55et or liablllty
1,528,626
1,442,818
Total net assets
1,528,626
1,442,818
The fund5 Of the charlty:
Restricted funds
Endowfflent funds
12
60,965
68,365
Unrestricted funds
General fund5
12
640,705
629,434
640,705
629,434
Reserves
Revaluation reseive
12
826,956
745 019
826,956
745,019
Total funds
1,528 626
1,442,818
Ih
Approved by the t ustees on 12 December 2024
And signed on th
r behalf by:
Trustee
Page | 8

Chipping Campden School Charity
Notes to the Account5
1 Accounting pollcies
a5is of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK afid Republic of Ireland IFRS
1021- Charities SORP IFRS 1021 leffective 1 January 2015) - the Financial Reportillg Standard
app17cable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Change In basis of accounting or to previous accounts
There has been no change to the accounting policie5 (valuation rule5 and method of accounting)
since last year and no changes have been made to accounts for previous years.
Fund accounting
Designated funds
These are unrestricted funds earmarked by the trustees for particular
purposes.
These are unrestricted funds which include a revaluation reserve
representing the restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or
through terms of an appeal.
Revaluation funds
Restricted fund5
Income
Recognition of
income
Income is included in the Statement of Financial Activitie5 ISOFA) when
the charity become5 entitled to, and virtually certain to receive, the
income and the amount of the income can be measured with sufficient
reliability.
Income wlth related Where income has related expendilure the income and related
expenditure
expenditure is reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is
included in the SOFA when receivable and only when the Charity has
unconditional entitlement to the income.
Donated services and These are only included in income (with an equivalent amount in
facilities
expenditure) where the benefit to the Charity 15 reasonably quantifiable,
measurable aiid material.
The value of any volunteer help received Is not included in the accounts.
This is included in the accounts when receivable.
This includes any gain or loss resulting from revaluing investment5 to
market value at the end of the year.
Volunteer help
Investment income
Gains/ Ilossesl on
revaluation of fixed
a55ets
Gains/llosse51 on
investment assets
This includes any gain or loss on the sale of investments.
Page | 9

Chipping Campden School Charity
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure 15 recogni5ed on an accrua15 basis. Expenditure includes any
VAT which cannot be fully recovered and is reported as part of the
expenditure to which it relate5.
These comprise the costs incurred by the Charity in the delivery of its
activitie5 and services in the furtherance of it5 objects, including the
tnaking of grants and governance costs.
All grant expenditure is accounted for on an actual paid basis plus an
accrual for grant5 that have been approved by the trustees at the end of
the year but not yet paid.
These include those cost5 assoclated with meeting the constitutlonal and
statutory requirements of the Charity, including any auditlindependent
examination fees, costs linked to the strategic management of the
Charily, together with a Share of other administration costs.
These are support Costs not allocated to a particular activity.
Expenditure on
charitable activities
Grants payable
Governance cost5
other expeiiditure
Taxation
The charity )5 exempt frorn tax on its charitable activitie5.
Tangible fixed a55ets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life:
Freehold property
Cups & trophTes
Not depreciated
Are revalued annually by Trustees
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayrnents are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposit5 Wlth banks and other
short-term highly liquid investments with original maturities of three month5 or less and bank
overdrafts. In the 5tatetnent of financial p051tion. bank overdrafts are shown within borrowings or
current liabilities. In the Statement of Cash Flow5, cash and cash equivalents are shown net of bank
overdrafts that are repayable on demand and form an integral part of the company's cash
management.
Trade and other cred?tors
Short term creditors are measured at the transaction price. Other creditors and provision5 are
recognised where the charity ha5 a present obligation resulting frorn a past event that will probably
result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement
amount after allowlng for any trade discount5 due.
Page | 10

Chipping Campden School Charity
Notes to the Accounts
2 Statement of Flnancial Actlvltles - prior year
Unrestricted Endowment Total funds
fund5 2023 funds 2023
2023
Income and Endowment5 from:
Investments
41,829
Total income and endowments
41,829
4,364
46,193
Expenditure on".
Charitable actpvities
3,044
3,044
Other
1,279
1,279
Total
4,323
4,323
Net Ilossesllgains on investments
Net expenditure
148,337
6,773
55,110
110,831)
12,4091
113,240}
Transfers between funds
4,364
Net expenditure before other
gainslllossesl
16.4671
16,7731
113,2401
oiher gains and losses:
Net movement ID funds
16,4671
6,7731
113,2401
Reconciliation of funds:
Total funds brought forward
Total funds carrled forward
1,279,134
1,272.667
176 924
170.151
1,456,058
1 442 818
3 Income from Tnvestments
Unrestrlcted Endowment Total 2024 Total 2023
Investment income
44,945
4,672
49,617
46,193
44.945
4,672
49,617
46,193
Page | 11

Chipping Campden School Charity
Notes to the Accounts
4 Expenditure
Unrestricted
Endowment
Total 2024
Total 2023
Expenditure on charitable activitie5
Exhibition and speech day prizes
Hilda Terry awards
Grants made (note 5)
3,000
2,550
26,572
3,000
2,550
33,972
1,658
7,400
Governance cost
Independent exatnination
1,446
33,568
1 ,446
40,968
1,386
3,044
7,400
5 Analysis of grants
Unrestricted Endowment Total 2024
Total 2023
Activity or programme
Air Ambulance
Student Support
Grants to School
500
500
25,572
26,572
500
500
32,972
33,972
7,400
7,400
6 Other expenditure
Unrestricted Endowment Total 2024
Total 2023
General administrative costs
1.370
1,370
1,370
1,370
1,279
7 Staff costs
No employee received emoluments in excess of £60,000.
The trustees rece7ved no renumeration and no expense5 were reimbursed to trustees in the year
under review.
8 Tangible fixed assets
Land and
Bulldings
Cups and
Trophie5
Total
Cost or revaluation
At 1 April 2023
Revaluation taken to SOFA
At 31 March 2024
Net book values
At 31 March 2024
At 31 March 2023
19,458
19,459
3,408
16.051
16,050
16,050
19,458
16,051
19,459
The Freehold property relates to a parcel of land upon which Chipping Campden School is situated.
The Trustees consider this land to have a nominal value on the ba515 It could only be reali5ed in the
event of Chipping Catnpden School ceasing to exist or operate.
Page | 12

Chipplng Campden School Charity
Notes to the Accounts
9 Investments
other
Investments
Listed
Total
Cost or revaluation
At 1 April 2023
Revaluation
Disposals
1,376,793
81,937
1,376,793
81,937
At 31 March 2024
1,458,730
1,458,730
Net book values
At 31 March 2024
1 458,730
1.458 730
At 31 March 2023
1,376,793
1 376,793
10 Debtors
2024
2023
Prepayments and accrued income
8.550
8,550
8,224
8,224
11 Credltors
amounts falling due within one year
2024
2023
Accruals and deferred income
34,873
9,592
Page | 13

Chipping Campden School Charity
Notes to the Accounts
12 Movement in funds
IncomTng
resources
(including
At 1 April
other
2023 gaTnsllossesl
Resources
expended
Gross
transfers
At 31 March
2024
Restricted funds:
Endowment fund
68,365
4,672
7,400
14,6721
60,965
Total
4,672
{7,4001
60,965
Unrestricted funds:
General funds
629,434
41,537
134,9381
4,672
640,705
Revaluation
Reserves:
Endowtnent fund
Unrestricted fund
Total revaluatlon
reserves
Total f unds
101,786
643,233
4,925
77,012
106,711
720,245
745,019
1 442 818
83,937
128 146
826,956
1 528 626
42.338
Purposes and restrictions in relation to the funds:
Revaluation re5erve5
Represent the amount by which inve5tment5
exceed their historical cost.
Endowment funds..
Endowment fund
Funds held to provide for prizes and grants to
students and Chipping Campden School
13 Analysis of net
assets between funds
Unrestricted funds
Restricted funds
Total
Fixed assets
Investments
Net current assets
16,051
1 ,320,429
24,472
1 360 952
16,051
1,458,730
53,845
1 528 626
138,301
167 674
Page | 14

Chipping Campden School Charity
Note5 to the Accounts
14 Related party disc105ures
Name of related party
The late Mr B Chatfield
Description of relationship
between the parties
A member of Chipping Campden School and a Trustee Chipping
Catnpden School
Name of related party
Mr A Jones
Description of relationship
between the parties
A member of Chipping Campden School and a Trustee Chipping
Campden School
Page | 15

ChTrpping Campden School Charity
Detailed statement of Financial Actlvltle5
Unrestricted
funds 2024
Endowment
2024
Total funds
2024
Total fund5
2023
Income and Endowments from:
Investments
Investment income
44,945
4,672
4,672
49,617
46,193
46,193
Total income and endowments
Expenditure on:
Charitable activitie5
Exhibition and speech day
prizes
Hilda Terry awards
Grants made
3,000
3,000
1,658
2,550
26, 572
Z,550
33,972
39,522
7,400
Governance costs
Independent exam?nation
1,446
1,446
1,446
1,386
1,386
Total of expenditure on charitable
actlvities
33,568
7,400
40,968
3.044
General administrative costs,
including depreciation and
amortlsation
Clerk Honorarium
General insurances
Principles leaving
563
307
500
563
307
500
1.000
279
Total of expenditure of other
Costs
Total expenditure
1,370
1,370
1,279
1,370
Net losseslgains on Investments
77,012
4,925
81,937
155,1101
Nèt Incomel(expenditure)
87,079
2,197
89,216
113,2401
Transfers between funds
4,672
14,6721
Net incomel(expenditure) before
other gainsl(105se5)
91,691
12,4751
89,529
113,2401
Net Ilossesl/gains on fixed asset
revaluation
13,4081
13,4081
Net movement in funds
88,283
(2,475)
85,808
(13,2401
Page116